Annika bought euro denominated bonds when the exchange rate was .909 euro to the dollar. She paid $11,881 for the bonds
At the end of the year, the bonds were worth 10,600 euro; she received 400 euro in interest and the exchange rate was .921 euro to the dollar. What was her holding period return in U.S. dollars?
A) -0.74%
B) 1.85%
C) 0.53%
D) 5.30%
Answer: C
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The balances in Labeille Accounting Services' office supplies account on February 1 and February 28 were $1,200 and $375, respectively. If the office supplies expense for the month is $1,900, what amount of office supplies was purchased during February?
A. $2,325 B. $1,075 C. $1,525 D. $1,500 E. $3,100
Which of the following are manufacturer-owned facilities that do NOT carry inventory but provide selling functions for the manufacturer in a specific geographic area?
A) commission merchandise marts B) merchandise brokerages C) sales offices D) sales branches E) manufacturers' showrooms
Actual costs are currently higher than target full product cost. Assuming that fixed costs cannot be reduced, what are the target total variable costs?
Abbott Company is a price-taker and uses target pricing. The company has just done an analysis of its revenues, costs, and desired profits and has calculated its target full product cost. Assume all products produced are sold. Refer to the following information:
A) $280,000
B) $304,000
C) $230,000
D) $510,000
Which of the following is classified as "portfolio income"? I.Dividend income from an investment in Lincoln Corp. common stockII.Royalty income from the ownership of the mineral rights on land; the taxpayer does not share the expenses with the extraction company?
A. Only statement I is correct. B. Only statement II is correct. C. Both statements are correct. D. None of the statements are correct.